Can We Afford a $35,000 Mommy Makeover? | The Ramsey Show

Financial Snapshot and Goals

• 💰 The couple earns approximately $180,000 annually from two businesses, with an additional $75,000 earned last year from a new handyman business.
• 📈 They have successfully completed Financial Peace University, paid off $25,000 in debt, and have a net worth of $950,000.
• 🏠 Their long-term goals include retiring in their 40s by selling their businesses and home, and they are currently cash-flowing college tuition for their daughter and son's braces.

The Mommy Makeover Request

• 💖 The wife desires a "mommy makeover," which includes a tummy tuck and a lift, with an estimated cost between $28,000 and $35,000.
• 💸 The husband has set aside $50,000 for this purpose, separate from their emergency fund and college expenses.
• ✅ The surgery is for the wife, who has been focusing on her health, diet, and getting in shape, viewing the procedure as a celebratory "icing on the cake."

Financial Advisor's Perspective

• 👏 The advisor acknowledges their excellent financial discipline and progress, noting they are nearing Baby Steps millionaire status.
• 🚗 He compares the cost of the surgery to spending on vehicles, indicating it's not an unreasonable expense given their income and savings.
• 👨‍👩‍👧‍👦 He confirms they are done having children, which is a key factor in approving elective surgeries like this.
• ✨ The advisor approves the expense, framing it as a well-deserved reward for their hard work and smart financial decisions, emphasizing that it's a small portion of their overall financial picture.